Justice Department Drops Case Against Kraken Founder Jesse Powell
Federal prosecutors have officially ended their investigation into Kraken founder Jesse Powell, nearly two years after FBI agents raided his home in a high-profile case unrelated to his crypto business.
The Justice Department returned dozens of devices, including laptops and mobile phones, confirming it had dropped the case, one that centered not on Kraken, but on a management fallout involving an arts nonprofit Powell had co-founded, Fortune reported on Tuesday.
Powell had come under federal scrutiny after allegations surfaced that he had “hacked and cyber-stalked” Verge Center for the Arts, a Sacramento-based organization he launched in 2008.
Media reports at the time, notably from The New York Times, amplified the story, linking Powell’s legal troubles to his often controversial online persona and public statements.
But …
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